Full Circle Brewing (1)

Full Circle Brewing (1)

Fast-growing craft brewery and live entertainment space in Downtown Fresno

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Security Type
Non-Voting Equity
Categories
Alcohol
Location
Fresno, CA
Offering Date
April 27, 2018
Expected Close Date
July 26, 2018
Target Raise
$334.50K
Deal Notes
  • $4.48M pre-money valuation
  • $4.00/share
  • Class B Membership Units
Valuation
$4,480,000

Company Description

Full Circle is the longest-running brewery in the Central Valley. When our team bought the brewery in mid-2016, we reinvigorated the business by hosting concerts, roller derby, bike polo, dodgeball, and lots of other events, all infused with quality brews and an exciting atmosphere. The city responded: our revenues jumped 335% from 2016 to 2017. We have plenty more room to grow in Fresno (sometimes customers drink our taproom dry!), but we've got bigger dreams than that. 

Perks

$500+ Merchandise swag tote, name on investor wall
$1,000+ Discount emblem to receive up to 25% off beer and merchandise. Exclusive rights to purchase “Investor Only” craft beer in can releases. Early access to new beer releases.
$1,500+ Exclusive “Investor Only” shirt and growler. Bi-annual participation in beer naming sessions.
$2,000+ VIP event access. Event ticket discounts. Discount on venue rental. 20oz Owners Mug (to be kept onsite at brewery).
$5,000+ Brewer’s “Owners Only” button up shirt. Seat on the Inner Circle Steering Committee. Access to private owners only brewer-lead brewery tours and offsite events.
$10,000+ Seat at the table.  Annual Strategic Committee Participation.

Key Deal Facts

335% increase in revenue from 2016 to 2017; $359K in revenue in 2017.
Local Costco and BevMo! have shown interest in carrying our beer.
Awards from Fresno Bee's People's Choice Awards and Imbibe Hop Shootout in Bakersfield.
Longest-running brewery in Central California.
Events can yield $15k in a day. 
$800 million combined investment to revitalize Fresno from public and private partners
$70 million in cap-and-trade money going to Fresno, of which $23 million is going to our neighborhood, Chinatown
Brewery is 1,000 feet from the high-speed rail station opening in 2033. 

Management Team / Advisory Board Bios

Arthur Moye
CEO
CPA by trade and former CalCPA Chapter President gone rogue. Sold his practice and bought a brewery.

Jacob Iest
CFO
10+ years experience managing large organizations as CEO of a family-owned dairy. Part-time.

Adrian Barrera
Brewery Operations Manager
10 years in the brewing industry as head brewer and director of brewery operations.

Nate Johns
Venue Operations Manager
10 years as a produce manager at Food for Less. Manages day to day operations of the venue.

Skip Tuttle
Sales Manager
10 years in craft beer and was integral several brands growth. Previously at Tioga Sequoia Brewing.

Deal Notes

  • $4.48M pre-money valuation
  • $4.00/share
  • Class B Membership Units
Amount Raised : $0
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Security Description

Non-voting stock is stock that provides the shareholder very little or no vote on corporate matters.

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